New Brunswick ranked among most competitive provinces in economic development

SaltWire Network

Published: Nov 20, 2016 at midnight

Updated: Sep 30, 2017 at 1:17 a.m.

Brian Gallant

Site Selection Magazine has ranked New Brunswick as one of the most competitive provinces in economic development, second behind Ontario, and ahead of Quebec.

“New Brunswick is seeing momentum in economic development,” said Premier Brian Gallant. “By working together and implementing the Economic Growth Plan we will see more successes which will benefit New Brunswickers across the province.”

“New Brunswick is seeing momentum in economic development,” said Premier Brian Gallant. “By working together and implementing the Economic Growth Plan we will see more successes which will benefit New Brunswickers across the province.”

Site Selection recognizes economic development organizations based on corporate end-user facility investment, job creation data, as well as the magazine’s own research.

Moncton was recognized as one of Canada’s Best Locations for 2016 based on the work done by Greater Moncton Economic Development, 3plus, while Enterprise Saint John and Ignite Fredericton both received Best Location Honourable Mentions.

A recent report from Statistics Canada revised New Brunswick’s GDP growth rate for 2015, estimating it had expanded by 2.3 per cent that year, the largest gain since 2004. The report indicates that the province’s real GDP growth was the third-highest among the provinces and territories.

New Brunswick has also consistently been among the growth leaders in average weekly earnings. The province is now leading the country in growth on a year-to-date basis.”

“These distinctions show us that New Brunswickers are working hard to attract investments and improve our province’s economic environment,” said Gallant. “We should be proud to see our province ranking among the best at the national level.

These results are from the 10th annual Canada’s Best Locations awards and rankings, published by Site Selection.